Michael, I believe it to be critical that an understanding of what communication, at what stage and in what form will be provided to the client during the agreement term.

This was in spite of stage payments having been taken.

Should this arrangement be done in some kind of an agreement ?

. - Uses permitted.SHARE LINK TO SECTIONPRINT SECTIONDOWNLOAD (DOCX) OF SECTIONSEMAIL SECTIONCOMPARE VERSIONSNo land, body of water and/or structure shall be used or permitted to be used and no structure shall be hereafter erected, constructed, moved, reconstructed or structurally altered for any purpose in an RU-2 District which is designed, arranged, or intended to be used or occupied for any purpose, unless otherwise provided for, excepting for one or more of the following uses:(1)Every use permitted in RU-1, RU-1M(a) and RU-1M(b) Districts.(1.1)Workforce housing units in compliance with the provisions of Article XIIA of this Code.(2)On lots meeting the requirements for two-family use, every use as a duplex or two-family residence, including two private garages.

The property, located in a desirable rental pocket, boasted three bedrooms, one and a half bathrooms, and functional central heating and air conditioning systems.Our financing arrangement spanned 30 years, resulting in a monthly payment of $990.58 covering principal, interes What made you interested in investing in this type of deal?

Don't leverage to the max, be conservative.One is rented the other is in Final stages of build.

But I'm currently at that thrilling stage of working towards my first deal, exploring various strategies and niches.I'm here not just to seek advice but to contribute and grow with you all.

But the bigger take is, whether the agreed upon commission is $1,000 or 6% or $250,000 for a $50,000,000 listing, as the seller that amount is arranged ahead of time, and therefore, from my perspective, has no bearing on which "pocket" it goes into.

In IRS Chief Counsel Memorandum 202151005 (Dec. 23, 2021), the IRS evaluated two “general” fact patterns for short-term rental arrangements.

I would absolutely not sell a home in North Park with a 2.7% rate, ESP since you're cash flow positive at this stage.